Citi to commit $1tn to sustainable finance

Citi has said it will commit $1 trillion to sustainable finance by 2030.

Citi says the move aligns with the United Nations’ Sustainable Development Goals (SDGs) and builds on the work we outlined in our 2025 Sustainable Progress Strategy. The $1 trillion includes extending the bank’s environmental finance target from $250 billion by 2025 to $500 billion by 2030. These include climate solutions such as renewable energy, clean technology, water conservation and sustainable transportation.

As part of the plan, the bank will also commit $500bn to investments in education, affordable housing, health care, economic inclusion, community finance, international development finance, racial and ethnic diversity and gender equality.

Ed Skyler, Head of Global Public Affairs at Citi has said, “Given our global footprint and our role in supporting economic activity around the world, Citi has a role to play in achieving the SDGs — and in this moment as we look towards emerging and rebuilding from the COVID-19 pandemic, it’s more crucial than ever that we address these priorities together.”